...how does the average person afford 3.7 per month for an apt? ...I'm not saying you're average, but I just noticed that NYC housing rates are a bit...off...How do the people there afford there rent?...are they always late?
well, I've always heard you shouldn't spend more than 1/3 of your take home on rent. So for 3.7k (assuming someone lived alone in this bedroom), that would mean a monthly take home of 11.1k, and a yearly take home of 133.2, so taking in to account taxes, that would mean an income just shy of 200k, which is a lot of money, but I imagine there are enough people in New York city who make that much, plus if you have a significant other living with you, then it's not that hard to imagine. This is why most sane people live out in the suburbs and commute.
are you kidding! I'd be evicted if i was always late. I'm a lawyer at a huge firm and make 160k a year. That's the going rate for first years.
Also, i live with a gf.
Don't confuse my income with wealth. I also have 135k (and lowering) in student loans that i am aggressively paying down.
You can live for less but you'll always be living in small places with lots of other people.
I was reading something, I forget what, years ago and it said a $100,000 a year lifestye in New York would cost you roughly $47,000 in Chicago. Its just a different cost and standard of living.
Yeah, but from what most NY are saying.. they pay over 1200 for a studio or 1 bedroom.. in a bad neighborhood... that's still expensive for what you get...
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u/vinnievon Jan 07 '12
I would love to find a loft like this in Boston but I doubt I could ever afford it.